chssMAtc
'oge 3
osjas
Chapte!-2
Sastna q BuaincsA Qugaailetan
aMe
’.JeleyteHo prietoship
aindu hdivi ded damily Bwsihes
’ ette farthens hip
’. Coapeiotive Society
4.Jeit StackCormpany
(a) Sales HPAapnitaship- st telers to a fosunm bwsiness
aNqonisctfon whicA s ouned managed and cortHLled
oy ah in divldualpersonwho if the sucipient
al it and Leotn cll nishd. The person 9n
wKeH o< buca kind g kwsihes 6Hg9hisotion is
kngwh asAales propuietoxSkip.
tataea d Rales PHapaictaaship
1-toumatioa g claAwie -dale papaitoushiplouaines it
to stett beceuse es ho legal JoAnali tfek Maquixel
to Ataurt the busineAs Casset in serme caneen cene
Chemist) and itii eny:eaatly to close dsLwn the awlines
tthe desext 4on Aola troder.
sole
2-iabiity Ihe diahi ity e the sOLd tHadex is
wnlimitd. st meal thof he peIShal apect oH asset
q the aunex ean aso be wse 1oM pay o the liability
o busi nessi siequised.
, ma
Conbolled by the eldeot male
Ji_ buiness ls knowno
Krta 8h Mohag
Kutn
memhex the jamily merin beá
biuony oA by all
JRs decision fs
Seatunes 1(LE)
1- tomatiom-Jhee should be atheadelt atea
tws membeso ih the jam?Ly and ncestok ptopet
bust be fakerited toy thenIheye ha heed o
agxume hetueen Hhe 1amily aemheA hecca
+ if qovetaed by the hinduJuccesionact1956.
Liability - Ihe Liakbility d Kata is ulimited
the enteut o theye Abates inhe businet.
3-Contal- Jhe businea is mQn aged and Calstnolled
by the karta and hif decision is
oll othey member hindin4 Koh
4- Corsiuh 1RJam
iS Kot Jauaine
ca eected by the AHgaisctian
Jn Case deoth -q deotth o membes.
will be the Korta kevtto, hexct elde male memt
5- MiA A
MPabet- Mihod Cas also
BusineAs oecae the Hequla hethe membe
memh eShip
, ssmae
Pattaeip -
AcCSAdiag ts udlas fartnexlip act 1932,
fattheship i the e(ation between pesons who heve
ageed toshahe the polit q the tousins caied an by
all aX
teatunek q Paxtaexship
Jhe mojax Chaacteiiicf o pattnenship aie
Gotbaon
isamatian - Pavttheship ts govemed ay
by the Ihdilh
pouttheship act 1932 it çomes ito eaiteuce Huogk
alegol angieme among the partthae fiwlick tont
and condition qBv Ánghe nelatimship ,Slhaing o
paot and logseo Qnd the nannek q canduct's
bwines oHe specitied
Liahiiy- Jhe poxtneuá afam have unlimited
Liastity ie theis pexARnal asset naay be uaed te pay
debts ethe bwsiesA in caye
bwsinesasrete.ghtthen the pothexA ane faity
and îndividually liable taH a payet det
Ioisty - Al the patneA^ ane Hesponsifle JoH the dekt
and taey cotinue in puopartien -to theiA Akane in
business anda sucl ae lialate to the EcteLt.
Thdividwally each patthe Can be held espshsible to
the debta the business howeve Aush a parte
he i t to eovoN the propgxtianote Contibutiom
'oge 3
osjas
Chapte!-2
Sastna q BuaincsA Qugaailetan
aMe
’.JeleyteHo prietoship
aindu hdivi ded damily Bwsihes
’ ette farthens hip
’. Coapeiotive Society
4.Jeit StackCormpany
(a) Sales HPAapnitaship- st telers to a fosunm bwsiness
aNqonisctfon whicA s ouned managed and cortHLled
oy ah in divldualpersonwho if the sucipient
al it and Leotn cll nishd. The person 9n
wKeH o< buca kind g kwsihes 6Hg9hisotion is
kngwh asAales propuietoxSkip.
tataea d Rales PHapaictaaship
1-toumatioa g claAwie -dale papaitoushiplouaines it
to stett beceuse es ho legal JoAnali tfek Maquixel
to Ataurt the busineAs Casset in serme caneen cene
Chemist) and itii eny:eaatly to close dsLwn the awlines
tthe desext 4on Aola troder.
sole
2-iabiity Ihe diahi ity e the sOLd tHadex is
wnlimitd. st meal thof he peIShal apect oH asset
q the aunex ean aso be wse 1oM pay o the liability
o busi nessi siequised.
, ma
Conbolled by the eldeot male
Ji_ buiness ls knowno
Krta 8h Mohag
Kutn
memhex the jamily merin beá
biuony oA by all
JRs decision fs
Seatunes 1(LE)
1- tomatiom-Jhee should be atheadelt atea
tws membeso ih the jam?Ly and ncestok ptopet
bust be fakerited toy thenIheye ha heed o
agxume hetueen Hhe 1amily aemheA hecca
+ if qovetaed by the hinduJuccesionact1956.
Liability - Ihe Liakbility d Kata is ulimited
the enteut o theye Abates inhe businet.
3-Contal- Jhe businea is mQn aged and Calstnolled
by the karta and hif decision is
oll othey member hindin4 Koh
4- Corsiuh 1RJam
iS Kot Jauaine
ca eected by the AHgaisctian
Jn Case deoth -q deotth o membes.
will be the Korta kevtto, hexct elde male memt
5- MiA A
MPabet- Mihod Cas also
BusineAs oecae the Hequla hethe membe
memh eShip
, ssmae
Pattaeip -
AcCSAdiag ts udlas fartnexlip act 1932,
fattheship i the e(ation between pesons who heve
ageed toshahe the polit q the tousins caied an by
all aX
teatunek q Paxtaexship
Jhe mojax Chaacteiiicf o pattnenship aie
Gotbaon
isamatian - Pavttheship ts govemed ay
by the Ihdilh
pouttheship act 1932 it çomes ito eaiteuce Huogk
alegol angieme among the partthae fiwlick tont
and condition qBv Ánghe nelatimship ,Slhaing o
paot and logseo Qnd the nannek q canduct's
bwines oHe specitied
Liahiiy- Jhe poxtneuá afam have unlimited
Liastity ie theis pexARnal asset naay be uaed te pay
debts ethe bwsiesA in caye
bwsinesasrete.ghtthen the pothexA ane faity
and îndividually liable taH a payet det
Ioisty - Al the patneA^ ane Hesponsifle JoH the dekt
and taey cotinue in puopartien -to theiA Akane in
business anda sucl ae lialate to the EcteLt.
Thdividwally each patthe Can be held espshsible to
the debta the business howeve Aush a parte
he i t to eovoN the propgxtianote Contibutiom
